Updated: Jun 03, 2026
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1. You posted an incoming payment for 500 as payment on account. How can you use manual type internal reconciliation to reconcile this payment to two open invoices for 275 and 200?
A) Set the reconciliation difference to 25.
B) Create an adjusting journal entry to compensate for 25 applied in cash discount.
C) Create an outgoing payment as an adjustment so that the customer's account balance is debited for the difference.
D) Change the Amount to Reconcile value for the payment to 475.
2. Joanna is the accounting and the purchasing clerk in the company. When she prints purchasing documents she wants to print them on a particular printer. However, when she prints checks a different printer should be used. What is the best way to specify this in the system?
A) Since more than one printer is used, Joanna must change her default printer prior to printing.
B) Using the Print Layout Designer it is possible to choose a specific printer for each specific print layout template.
C) Default printers must be set up when you first create a new company. Once you have posted the first journal entry in the system, default printers cannot be changed.
D) By choosing the menu path Administration ->System Initialization ->Print Preferences -> Per Document tab, Joanna can set specific printers as default for specific document types.
3. Soon after the controller changes the status of the period, Sophie gets an error when she adds an A/R Return document to the system. What could cause this?
A) Sophie has no authorization to post to a period with the status "Closing Period."
B) Sophie cannot add A/R documents to the system when the period status is "Unlocked Except Sales."
C) No one can post A/R documents when the automatic change of period status occurs.
D) Sophie must get approval from her manager to add A/R documents to the system when the period status is "Unlocked Except Sales."
4. An equipment card can be created automatically for serialized items added to which of the following documents?
A) Delivery
B) Return
C) A/P Invoice
D) Sales Order
E) A/R Invoice
5. Which of the following statements are correct when using formatted search?
A) You can assign a formatted search to auto-refresh a header field when a row field changes.
B) You can define a list of fixed, default values for a field.
C) You can assign a formatted search by choosing Settings from the Customization Tools menu.
D) You can assign a formatted search to auto-refresh a header field when another header field changes.
E) You can assign a formatted search to auto-refresh a row field when a header field changes.
Solutions:
| Question # 1 Answer: A,B,C,D | Question # 2 Answer: B | Question # 3 Answer: A,B,C,D | Question # 4 Answer: A,B,C,D,E | Question # 5 Answer: A,B,C,D,E |
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